Tax & Customs

Tax & Customs

Special arrangements in Nov to help file tax returns

Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.

1d ago

e-filing of tax returns crosses 50,000 in less than a month

The NBR relaunched the e-filing portal on Sep 9

1m ago

NBR forms taskforce to reform income tax law

Tax Commissioner Ikhtiar Uddin is heading the seven-member task force

1m ago

NBR asks officials to come to office on time

The National Board of Revenue (NBR) has asked the officials of its income tax wing to be at office ahead of the 9:00am reporting time.

1m ago

Finance adviser urges NBR to reconsider duty structure

Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a

2m ago

Waive port charges incurred amid recent unrest

The Bangladesh Shipping Agents’ Association (BSAA) has urged the government to waive all port charges incurred for delays in container handling amid the weeklong unrest, internet outage and stringent curfew that began on July 18..The BSAA, the country’s sole trade body for shipping agents,

3m ago

Kaus Mia: a role model in a nation where tax noncompliance is rife

The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11

4m ago

NBR plans self-assessment of tax liabilities for all firms

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.

5m ago

Investors in hi-tech parks, EZs may lose tax benefits

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

5m ago

Alternatives to cash incentives planned for exports

The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.

5m ago

FBCCI's plea for tariff protection devoid of reality

On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.

7m ago

Tax on provident funds' income: One country, dual policy

A provision in the Income Tax Act 2023 created the discrimination

7m ago

NBR grants tax benefits to 3 sectors

The government has provided tax benefits to three sectors, namely leather, asset management, and research, to boost competitiveness and foreign currency earnings.

7m ago

Massive reforms needed in tax laws: experts

Massive reforms are required in tax and VAT laws to mobilise domestic resources and achieve the government’s target to become a developed country by 2041, according to experts.

8m ago

BCI demands 5-year tax holiday for small businesses

The Bangladesh Chamber of Industries (BCI) yesterday demanded a five-year tax holiday for cottage, micro and small and medium enterprises (CMSMEs) beginning from fiscal year 2024-25 in order to foster their growth.

8m ago

Insurers seek tax, VAT breaks in next budget

The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.

9m ago

Muneem reappointed as NBR chairman

His contractual appointment has been extended by two years

10m ago

Post-LDC challenges now a headache for Bangladesh: finance secretary

The govt targets achieving one crore direct taxpayers by 2026, he says

10m ago